Argon Flexible Income Fund

The fund seeks to maximize total return by investing for both current income and capital appreciation. This is achieved by increasing exposure to bonds and duration when the house view on bonds is positive.

Product Objective

To outperform the better of bonds or cash over an interest rate cycle.

Benchmark

Short-Term Fixed Interest Rate Index (STeFI) x 110%

Risk Definition

Absolute Risk

Risk Budget/Profile

Moderate risk. Seeks to protect capital on a rolling 12-month basis

Time Horizon

1 year

Investment Universe

South African listed nominal bonds, inflation-linked bonds and money market instruments.

Investment Strategy

  • Unconstrained active duration
  • Credit
  • Active trading